Thursday, November 11, 2021

g-f(2)648 THE BIG PICTURE OF THE DIGITAL AGE (11/11/2021), WSJ, GE Was Once a Model for Siemens but Now Follows Its Rival’s Path


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"g-f" fishing of golden knowledge (GK) of the fabulous treasure of the digital ageDigital Transformation, Winning Digital Transformation (11/11/2021)  g-f(2)426 


OPPORTUNITY, WSJ 

Catching a Winning Digital Transformation 


      • For decades, Siemens lived in the shadow of General Electric Co., with the German engineering and technology company often mimicking its competitor’s practices and managers looking to it as a benchmark. 
      • Now, it’s GE that is catching up with its rival’s moves.
      • Siemens, whose activities now center on industrial software, automation and mobility, said sales rose 18% to 17.44 billion euros, equivalent to $19.98 billion, in the three months to the end of September. Company shares closed up around 3% in Germany.


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          Lessons learned, WSJ 


              • GE’s announcement this week that it will split into three public companies follows Siemens’s strategy of spinning off some of its major divisions in recent years. Under pressure from investors, the German company shifted from a conglomerate into a company focused on faster-growing and higher-margin software and technology, shedding its healthcare and energy businesses.
              • This change of strategy helped Siemens overtake its U.S. rival in market capitalization after being as much as four times smaller in the mid-2000s.



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              Lessons learned, WSJ 


                  • GE’s moves raise pressure on Siemens to further trim its stakes in its recent spinoffs to streamline the company even more, investors and analysts say. Some say Siemens hasn’t gone far enough and still retains a great deal of complexity, with some calling for it to spin off its mobility division.


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                  • Category 2: The Big Picture of the Digital Age
                  • [genioux fact deduced or extracted from WSJ]
                  • This is a “genioux fact fast solution.”
                  • Tag Opportunities those travelling at high speed on GKPath
                  • Type of essential knowledge of this “genioux fact”: Essential Analyzed Knowledge (EAK).
                  • Type of validity of the "genioux fact". 

                    • Inherited from sources + Supported by the knowledge of one or more experts.


                  References


                  “genioux facts”: The online programme on MASTERING “THE BIG PICTURE OF THE DIGITAL AGE”, g-f(2)648, Fernando Machuca, November 11, 2021, blog.geniouxfacts.comgeniouxfacts.comGenioux.com Corporation.


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